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 KOSPI (SEOUL.NDX) Close: 2 094.12 (-13.51), Feb 24, 2017

Chart Technical Analysis KOSPI (SEOUL)

rsi chart
 Positive Candidate -Medium term, Feb 24, 2017Analysis Explanation
KOSPI has fallen back towards the floor of the rising trend channel. A continued rise may be expected and the current price level may be a good entry price. Is moving within a rectangle formation between support at 1985 and resistance at 2112. A decisive break through one of these levels indicates the new direction for the index. Has given positive signal from a rectangle formation by a break up through the resistance at 2007. Further rise to 2230 or more is signaled. The index has support at points 2070. The index is overall assessed as technically positive for the medium long term.

1 day-0.55%807.06-0.64%
5 days-37.021.86%709.55+0.65%
22 days-1.814.40%700.22+1.37%
66 days-10.537.42%690.26+5.34%
Trend 31%2090.64 - 2172.04
Short Term Trading Range2017-02-15
Rectangle2017-02-15
Long Term Trading Range2017-01-11
Moving average2017-01-09
Double Top Pattern2016-11-02
Rectangle2016-07-14
Double Bottom Pattern2016-03-02
Head and Shoulders Pattern2016-01-04

 


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